Reported about 7 hours ago
Bitcoin miners are increasingly pivoting from cryptocurrency mining to artificial intelligence (AI) services as demand for computing power surges. Companies like Riot, TeraWulf, and IREN are signing long-term contracts for AI workloads, capitalizing on their existing infrastructure and consistent energy supply. This shift comes as declining Bitcoin prices and competitive mining conditions make traditional mining less profitable. The transition to AI is seen as a structural move, with analysts predicting significant returns from AI investments.
Source: YAHOO